Gimhae Residents Urged to Use High Oil Price Support Funds Before Expiration
The high oil price support funds distributed to residents of Gimhae will expire at midnight on the 31st. Any remaining balance not used by that time will automatically be forfeited and will not be refunded.The funds were allocated to 402,645 residents, with a disbursement rate of 98.5%. As of August 24, the usage rate was reported at 98.4%. While a usage rate above 98% indicates that most funds have been utilized, it also suggests that some residents may still have unspent balances. If these ind
Financial Supervisory Service to Publicly Disclose Inadequate Securities Filings
The Financial Supervisory Service (FSS) will differentiate its review of securities filings based on their completeness. If a filing shows insufficient corrections after the initial request, the FSS will publicly disclose that the necessary adjustments were not adequately addressed, rather than repeatedly outlining specific deficiencies. Conversely, filings that are thoroughly prepared and do not require corrections will be expedited to support companies in raising funds.On August 28, the FSS he
Grandson of Former Dictator Jeon Du-hwan Works as Delivery Driver
Jeon Woo-won, the grandson of former South Korean dictator Jeon Du-hwan, is currently making a living as a delivery driver.Jeon's situation was first revealed in March through the YouTube channel 'Hypocrite,' and it has recently gained renewed attention after another YouTube channel shared the video.In the video, Jeon explains that he goes to church for choir practice in the early morning before commuting for 1 hour and 20 minutes by public transport to a logistics center for an online shopping
Hyundai Mobis Partners with Hana Bank and Technology Guarantee Fund for Financial Support to Suppliers
Hyundai Mobis is taking steps to support its parts suppliers by partnering with financial institutions.On August 28, Hyundai Mobis announced that it has signed a co-prosperity guarantee memorandum of understanding (MOU) with Hana Bank and the Technology Guarantee Fund, aimed at providing financial support to its suppliers, with a total scale of 500 billion won.The guarantee fund is designed to assist small and medium-sized suppliers that possess excellent technology and growth potential but face
Chinese Experts Criticize Trump's Order to Ban Foreign Power Grid Equipment as Political Stunt
Chinese experts have criticized President Donald Trump's executive order to exclude foreign equipment from the power grid, calling it a 'political stunt.'On August 26, Trump signed an executive order declaring a national emergency, citing that foreign equipment used in power systems could pose security threats. While the order does not explicitly name China, it is widely viewed as targeting Chinese products, which account for a significant portion of imports.The Chinese state-run Global Times, c
Ruling Party Adopts Resolution for Success of Lee Government
The Democratic Party reaffirmed its commitment to swiftly present key legislative tasks, including three major mega projects, to the National Assembly to ensure the success of the Lee Jae-myung government during a two-day workshop that concluded on August 28.At the workshop held at the Inspire Hotel in Incheon, the party signaled its intention to accelerate legislative efforts in support of the Lee administration.Kim Min-seok, the party leader, stated before reading the resolution, "It is time f
U.S., South Korea, and Japan to Conduct 'Freedom Edge' Multidomain Exercise Next Month
South Korea, the United States, and Japan will conduct a multidomain joint exercise called 'Freedom Edge' next month. According to the Joint Chiefs of Staff on August 28, the military authorities of the three countries are coordinating the detailed schedule and participating forces for this year's Freedom Edge exercise. Freedom Edge is a regular training exercise involving the three nations that integrates operations across maritime, aerial, underwater, and cyber domains. Its purpose is to enhan
Cherry Buro Shares Rise 8% on First Day of Trading After Stock Consolidation
Cherry Buro is experiencing an 8% increase on the first day of trading following a stock consolidation that led to a trading halt.As of 9:33 a.m. on the 28th, Cherry Buro shares were trading at 1,460 won, up 120 won (8.96%) from the previous trading day, according to the Korea Exchange.The company had suspended trading from August 6 to 27 for the stock consolidation process, which resumed today.On May 21, Cherry Buro's board of directors decided to increase the par value per share from 500 won t
South Korea to Implement Guidelines for Yellow Envelope Law Instead of Decree
On August 28, the Blue House announced that the scope of union dispute actions under the Yellow Envelope Law (Labor Union and Labor Relations Adjustment Act) will be outlined in implementation guidelines rather than a formal decree. This decision was made to expedite the legislative process while still achieving similar effects as a decree.In a media announcement, the Blue House stated, "While the impact on the field is similar, we aim to establish guidelines that can be applied immediately, as
Dev Sisters' 'Cookie Run: Crumble' Surpasses $15 Million in First Month Sales
Dev Sisters' new title, 'Cookie Run: Crumble,' has surpassed 20 billion won in sales. This achievement comes just one month after its launch on July 30, raising expectations for long-term success.On August 28, Dev Sisters announced that 'Cookie Run: Crumble' has recorded sales of 20 billion won, with the user count exceeding 2.5 million.The company is optimistic about the game's initial performance, including sales and user numbers, as well as its potential for sustained popularity.According to